Baker Tilly Virchow Krause and ParenteBeard Announce Merger

Chicago-based Baker Tilly Virchow Krause LLP (Baker Tilly) (FY14 net revenue of $327.8 million) and Philadelphia-based ParenteBeard LLC (FY13 net revenue of $158.3 million) announced the merger of the two firms, with an anticipated effective date of Oct. 1. The name of the combined firm will be Baker Tilly Virchow Krause LLP.

“As independent members of Baker Tilly International, our two firms have worked collaboratively and successfully for many years and on many fronts,” says Baker Tilly Chairman and CEO Timothy Christen. “This merger is an opportunity for two successful, complementary firms to join forces and create even greater opportunities for our people while broadening our geographic footprint and deepening our industry and service specialization capabilities to better serve our clients as valued business advisors.”

“ParenteBeard and Baker Tilly share a common culture and values that emphasize a dedication to exceptional client service and creating opportunities for our people to grow and develop in their careers,” says ParenteBeard Chairman and CEO Robert Ciaruffoli. “Our clients will benefit from even deeper industry knowledge and resources, as well as a broader depth of talent to deliver customized solutions to help them solve their business challenges.”

Previously reported: Baker Tilly and ParenteBeard Confirm Merger Talks – June 19, 2014